904 & 918 - 990 Victoria St, Kamloops, BC
FOR SALE | COMMERCIAL
904 & 918 - 990 Victoria St, Kamloops, BC 1.377 acres (approx.)
Commercial Redevelopment Investment Two Buildings on 9 Lots Location The property comprises eight 6,000 sq ft lots (918-990 Victoria) and one 12,000 sq ft lot (904 Victoria) located just east of Downtown Kamloops in a service commercial/transition area known as the South Shore area. The lots are located at the northwest corner of Victoria Street (a main four lane arterial through downtown) and 10th Avenue.
The Opportunity To acquire an older landmark property which can be improved and professionally managed to generate more holding revenue or held with existing holding income pending redevelopment.
Steve Caldwell Executive Vice President, Partner direct 604 895 2224 mobile 604 809 3122 [email protected]
Murray Willis direct 250 808 6877 fax 250 769 6869 murray.willis”dtzbarnicke.com
DTZ Vancouver Real Estate Ltd. 800 - 475 West Georgia St. Vancouver, BC V6B 4M9 office 604 684 7117 fax 604 684 1017 dtzvancouver.com
FOR SALE | COMMERCIAL
904 & 918 - 990 Victoria St, Kamloops, BC 1.377 acres (approx.)
Legal Description
Building Areas (Approx)
918-990 Victoria Street
918-990 Victoria Street
Lots 3-10, Block 97, District Lot 234 KDYD, Plan 193 except part shown as highway on Plan B7997
Main Floor
39,650 sq ft
Second and Third Floors
19,257 sq ft
Basement
24,350 sq ft
Total
83,257 sq ft
904 Victoria Street Parcel B (KD5701) Block 97, District Lot 234, KDYD, Plan 193
Zoning
904 Victoria Street Office
900 sq ft
C-4 Service Commercial
Shop Area
3,900 sq ft
Building Features
Total
4,800 sq ft
Total Building Area
88,057 sq ft
• 19’—22’ ceiling heights • New energy efficient T-5 lighting • Painted warehouse walls • Newly refurbished offices to suit
Revenue Existing Gross Revenue
• Fully sprinklered
918-990 Victoria Street $145,380
• Heavy 3 phase 480V–800V amp power
904 Victoria Street $36,000
• 90’ open clear warehouse spans
Total $100,000
• New landscaping
*There is approximately $72,000 of additional potential gross revenue from the vacant areas
• 5 dock doors with levellers with 8 possible • Ample truck maneuvering room
Assessments (2013)
• Ample parking
918-990 Victoria St
904 Victoria St
• Rear driveway access
Land
$1,003,000
$252,000
Tenancies
Improvements
$479,000
$132,000
Total
$1,482,000
$384,000
A tenant roll is available to qualified purchasers. There are 7 key tenants as well as a number of small month to month tenants.
Total Assessments
$1,866,000
Description of Improvements
Property Taxes (2013)
918-990 Victoria Street
918-990 Victoria Street $34,567.62
These lots are improved with a 3-storey wood frame service commercial building that has storefronts along Victoria Street. The main floor and partial basement are rented and the second and third floors are not heated and presently vacant. 904 Victoria Street
This parcel is improved with a single storey pre-engineered steel frame building used as a body shop. The building is entered from a parking area west of the building on land owned by the City of Kamloops shown as future 9th Avenue.
904 Victoria Street $8,783.19 Total $43,350.81
Asking Price 918-990 Victoria Street $1,695,000 904 Victoria Street $300,000 Total $1,995,000
Disclaimer: Although the information contained within is from sources believed to be reliable, no warranty or representation is made as to its accuracy being subject to errors, omissions, conditions, prior lease, withdrawal or other changes without notice and same should not be relied upon without independent verification. DTZ Vancouver Real Estate Ltd. January 19, 2015 3:21 PM
904 & 918 - 990 Victoria St, Kamloops, BC 1.377 acres (approx.)
Commercial Redevelopment Investment Two Buildings on 9 Lots Location The property comprises eight 6,000 sq ft lots (918-990 Victoria) and one 12,000 sq ft lot (904 Victoria) located just east of Downtown Kamloops in a service commercial/transition area known as the South Shore area. The lots are located at the northwest corner of Victoria Street (a main four lane arterial through downtown) and 10th Avenue.
The Opportunity To acquire an older landmark property which can be improved and professionally managed to generate more holding revenue or held with existing holding income pending redevelopment.
Steve Caldwell Executive Vice President, Partner direct 604 895 2224 mobile 604 809 3122 [email protected]
Murray Willis direct 250 808 6877 fax 250 769 6869 murray.willis”dtzbarnicke.com
DTZ Vancouver Real Estate Ltd. 800 - 475 West Georgia St. Vancouver, BC V6B 4M9 office 604 684 7117 fax 604 684 1017 dtzvancouver.com
FOR SALE | COMMERCIAL
904 & 918 - 990 Victoria St, Kamloops, BC 1.377 acres (approx.)
Legal Description
Building Areas (Approx)
918-990 Victoria Street
918-990 Victoria Street
Lots 3-10, Block 97, District Lot 234 KDYD, Plan 193 except part shown as highway on Plan B7997
Main Floor
39,650 sq ft
Second and Third Floors
19,257 sq ft
Basement
24,350 sq ft
Total
83,257 sq ft
904 Victoria Street Parcel B (KD5701) Block 97, District Lot 234, KDYD, Plan 193
Zoning
904 Victoria Street Office
900 sq ft
C-4 Service Commercial
Shop Area
3,900 sq ft
Building Features
Total
4,800 sq ft
Total Building Area
88,057 sq ft
• 19’—22’ ceiling heights • New energy efficient T-5 lighting • Painted warehouse walls • Newly refurbished offices to suit
Revenue Existing Gross Revenue
• Fully sprinklered
918-990 Victoria Street $145,380
• Heavy 3 phase 480V–800V amp power
904 Victoria Street $36,000
• 90’ open clear warehouse spans
Total $100,000
• New landscaping
*There is approximately $72,000 of additional potential gross revenue from the vacant areas
• 5 dock doors with levellers with 8 possible • Ample truck maneuvering room
Assessments (2013)
• Ample parking
918-990 Victoria St
904 Victoria St
• Rear driveway access
Land
$1,003,000
$252,000
Tenancies
Improvements
$479,000
$132,000
Total
$1,482,000
$384,000
A tenant roll is available to qualified purchasers. There are 7 key tenants as well as a number of small month to month tenants.
Total Assessments
$1,866,000
Description of Improvements
Property Taxes (2013)
918-990 Victoria Street
918-990 Victoria Street $34,567.62
These lots are improved with a 3-storey wood frame service commercial building that has storefronts along Victoria Street. The main floor and partial basement are rented and the second and third floors are not heated and presently vacant. 904 Victoria Street
This parcel is improved with a single storey pre-engineered steel frame building used as a body shop. The building is entered from a parking area west of the building on land owned by the City of Kamloops shown as future 9th Avenue.
904 Victoria Street $8,783.19 Total $43,350.81
Asking Price 918-990 Victoria Street $1,695,000 904 Victoria Street $300,000 Total $1,995,000
Disclaimer: Although the information contained within is from sources believed to be reliable, no warranty or representation is made as to its accuracy being subject to errors, omissions, conditions, prior lease, withdrawal or other changes without notice and same should not be relied upon without independent verification. DTZ Vancouver Real Estate Ltd. January 19, 2015 3:21 PM
